Amcor Plc (NYSE: AMCR) is -1.81% lower on its value in year-to-date trading and has touched a low of $8.37 and a high of $11.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMCR stock was last observed hovering at around $9.18 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $9.24, the stock is 0.89% and -0.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.89 million and changing 0.65% at the moment leaves the stock -8.24% off its SMA200. AMCR registered -9.06% loss for a year compared to 6-month loss of -9.77%. The firm has a 50-day simple moving average (SMA 50) of $9.261 and a 200-day simple moving average (SMA200) of $10.0693.
The stock witnessed a 1.32% gain in the last 1 month and extending the period to 3 months gives it a -7.60%, and is 1.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.53% over the week and 1.17% over the month.
Amcor Plc (AMCR) has around 41000 employees, a market worth around $21.30B and $13.46B in sales. Current P/E ratio is 16.58 and Fwd P/E is 11.24. Profit margin for the company is 5.98%. Distance from 52-week low is 10.39% and -19.51% from its 52-week high. The company has generated returns on investments over the last 12 months (6.22%).
with sales reaching $5.2B over the same period.The EPS is expected to grow by 3.51% this year, but quarterly earnings will post 10.37% year-over-year. Quarterly sales are estimated to grow 47.06% in year-over-year returns.
Amcor Plc (AMCR) Top Institutional Holders
941.0 institutions hold shares in Amcor Plc (AMCR), with institutional investors hold 43.51% of the company’s shares. The shares outstanding are 2.31B, and float is at 2.30B with Short Float at 3.91%. Institutions hold 43.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 94.89 million shares valued at $928.02 million. The investor’s holdings represent 6.5941% of the AMCR Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 91.95 million shares valued at $899.3 million to account for 6.3901 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 57.22 million shares representing 3.9761% and valued at over $559.58 million, while M&G PLC holds 3.2776 of the shares totaling 47.16 million with a market value of $471.64 million.
Amcor Plc (AMCR) Insider Activity
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Still, SEC filings show that on Mar 03 ’25, Foufopoulos – De Ridder Lucrec (Director) acquired 14,000 shares at an average price of $10.31 for $0.14 million. The insider now directly holds 29,523 shares of Amcor Plc (AMCR).
